Headed to a new home for $148,500, this 1970 Chevelle LS6 was among the top 10 sales at the Mecum Houston auction. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines:

+  Ford CEO Jim Hackett announced a senior leadership realignment, with Joe Hinrichs heading automotive operations and Jim Farley in charge of emerging technology. More at The Detroit News. 

+   General Motors has finally released an official photo of the mid-engine 2020 Corvette and has set a date of July 18 for the formal introduction. More at Road & Track.

+   France will reportedly vote against the opening of trade negotiations between the European Union and United States due to repeated trade threats from Washington. More at Reuters.  

+   NASCAR has again modified its Monster Cup three-round qualifying procedure for this weekend’s event at Richmond, with the first two rounds cut to five minutes each. More at NBC Sports. 

+   The Uber ride-sharing service has finally unveiled its highly anticipated initial purchasing offering (IPO) with an estimated total value of up to $120 billion. More at Autoblog. 

+   Audi debuted the sporty 2020 S6 Sedan and S7 Sportback, each powered by a 450 hp twin-turbo V6 in the USA and by a 349 hp diesel in Europe and elsewhere. More at Motor Trend. 

+  A gas explosion in downtown Durham, North Carolina claimed one life and caused severe damage to the extensive Porsche collection of Bob Ingram. More at the Charlotte Observer. 

+   The annual Mecum Houston auction generated $20 million in total sales with a 75 percent sell-through rate and 767 vehicles sent to new owners. More at Classic Cars.com Journal. 

+    At the New York Auto Show, Honda will display a crash-tested example of its 2019 HR-V crossover, which received good marks in NHTSA and IIHS testing. More at The Drive. 

+   The No. 60 Meyer Shank Racing Honda-Dallara piloted by Jack Harvey will compete at the Long Beach Grand Prix IndyCar event with badging from Honda’s Acura division. More at Racer.

Review the previous Executive Briefing from April 8 here.

Photo courtesy and copyright of Mecum Auctions.

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